Venezuela's popular president Hugo Chavez announced on Sunday that his government's sweeping reforms towards the new socialism will include the creation of cooperatives owned by the workers.
Vowing to undermine capitalism's continued influence in Venezuela during his television and radio program "Hello President," brother Hugo Chavez said state-financed cooperatives would operate under a new concept in which workers would share profits.
This is another step toward the implementation of The Green Book principle "Partners not wage slaves".
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